IMF denies Venezuela emergency aid to help fight coronavirus

[Bacchus4.0]

https://www.yahoo.com/news/imf-denies-venezuela-emergency-aid-033916747.html

The International Monetary Fund has rejected Venezuela's request for a $5 billion loan to help it cope with the coronavirus pandemic.

Venezuela became the first country to request an emergency loan from the IMF on Tuesday and there are international concerns that its ravaged economy and public services will not cope with the spread of the virus.

However, the IMF rebuffed the request, claiming a lack of certainty over the legitimacy of President Nicolas Maduro's government.

"Unfortunately, the Fund is not in a position to consider this request," because there is "no clarity" on international recognition of the country's government, the Washington-based institution said.

[dware]

1. The big question is if that money would be used for what it's intended for?

Or will it be squirreled away in one of Maduro's or his cronies Swiss bank accounts.

My bet would be the latter because the Maduro regime is nothing more than a bunch of corrupt thugs pretending to be govt. officials.